261–270 of 293 posts
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Elon cut 80% of twitter staff and...well it's still there. Every tech CEO was watching that closely, and it didn't come out in the workers favor.
Twitter is nothing like it used to be.
I watched this dudes youtube channel where he makes music for years before I ever knew he was the CEO of pateron. It was a bit of a wtf moment when I found out.
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1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. 2.) The c-suite are compensated at market rate the same as anyone else. If the CTO at Patreon is making 400k/yr you can't just cut his salary to 200k, he will leave and take a job somewhere else.
Many of the C suite are just nepo babies.
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1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. 2.) The c-suite are compensated at market rate the same as anyone else. If the CTO at Patreon is making 400k/yr you can't just cut his salary to 200k, he will leave and take a job somewhere else.
Ah, no, for sure you can just cut the salary by 50%? And believe me, most people in well-managed company would accept it to keep the company alive. And y CTO with 400k wont "just find a new job with same payment" next day, thats an illusion. Especially nowdays in these times. If I would be asked: "reduce your salary by 50% or get fired", for sure I would stay if there is a perspective that the situation may recover i…
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> The average time to find a new job is significantly longer Is that really true? https://standout-cv.com/stats/how-long-does-it-take-to-get-a... They found 3.8 months which sounds realistic. I can't imagine the average being significantly longer (like 6+ months?).
It says senior engineer almost 8 months right in that article
I watched this dudes youtube channel where he makes music for years before I ever knew he was the CEO of pateron. It was a bit of a wtf moment when I found out.
Appears to be a full time musician and a part time CEO.
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if a company is doing poorly enough to lay off people the c suite has already taken drastic pay cuts from their stock compensation
it's not as if stocks can't go up in value following a layoff. https://www.cnbc.com/2024/01/26/tech-layoffs-jump-in-january...
They have 465 employees? That seems like a lot for what Patreon is.
Why does someone always say this about a tech company when they have layoffs, regardless of company size? 465 employees is not that large. Patreon handles millions of transactions. They need support, sales, engineers, etc. If anything I'm surprised they're not well over 1000.
I struggle to make sense of the employee counts at large companies too, and I own a small business and have started or managed several others in various industries. It really seems like it’s a circular employment scheme of sorts. On Monday JackPak releases version 2.0.31, which fixed nothing but now the blue is red and doit(task) has been deprecated and replaced by do_it(task). Incessant “new version = yass” mentality provides pay justifications on Monday to install it. Oops, do_it() is a performance regression and check_it() doesn’t work with JackPackER 1.98.03 - that’s critical stuff - so the support team justifies pay on Tuesday while engineers justify the rest of the week putting out fires. Designers scramble to “take advantage” of the new display_text(), which displays the same text as before, but with a method that isn’t supported by client programs older than a year, so a slice of traffic goes away. Someone is paid to report the dip in sales due to reduced traffic while someone else is paid to pump it back up. Had to build 20 new servers to handle the do_it() regression; someone wake up the NOC.
Entire buildings were kept busy, the service runs slower on supported client systems due to 100 new dependencies (they’ll want to upgrade soon, but will be forced to with the next version bump anyway), and the only discernible change is that the logon button has double the white space around it. Someone should change that so it has rounded corners, then make it triangular, transparent, retro-square again, put it in the hamburger, make it blue, 18 megabyte PNG, someone wake up NOC.
On Monday JohnnyPak releases version 3.0.34.
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I still don't understand the economics of the full AI rollout. Who the hell is buying anything if more than 50% of the workforce is unemployed? And among the post-AI employable, every job that isn't highly skilled is going to have the wages pushed to the floor due to rampant unemployment. None of this shit works unless we figure out "Star Trek welfare"...
When you think about it, we're only "useful" to billionaires because we have something that they want, and that something is not called "work". Work is just that thing that people must figure out before they can generate wealth. Money is the goal, work is just something in the way. As most human tasks are automated away, the bargaining power of the (figurative) 99.9% of people who were actually producing wealth by do…
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Ah, no, for sure you can just cut the salary by 50%? And believe me, most people in well-managed company would accept it to keep the company alive. And y CTO with 400k wont "just find a new job with same payment" next day, thats an illusion. Especially nowdays in these times. If I would be asked: "reduce your salary by 50% or get fired", for sure I would stay if there is a perspective that the situation may recover i…
How does adding $200k back to payroll help pay for 96 employee salaries (plus benefits which tend to be an invisible 25-30% on top of salaries)?